4036 North 40TH Place Phoenix, AZ 85018

$1,024,000
Reduced $25,000
4
Beds
2
Baths
0.22
Acres
2,108
SQFT
486
$/SQFT
$1,024,000
Reduced
$25,000
4
Beds
2
Baths
2,108   sf
$486 / sf
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price reduced
1/27
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Welcome to one of the most stunning and versatile homes in the highly desirable Arcadia Lite neighborhood.Offered fully furnished and move-in ready, this 2108 SqFt home is perfect for investors looking to continue its Airbnb success or buyers seeking a luxurious primary or secondary residence. Situated in a prime location, the home is steps away from Phoenix's best coffee shops, brunch spots, and bars, with Camelback Mountain hiking trails nearby and Old Town Scottsdale less than five miles away. Located steps from local favorites such as La Grande Orange, Postino, and The VIG, and minutes from Sky Harbor Airport, Biltmore Fashion Park, and Downtown Phoenix, this home is perfectly positioned to offer the best of Arcadia Lite living. Originally remodeled in 2014 by a renowned Phoenix architectural firm, the home was taken down to the studs and reimagined with exceptional attention to detail. In the last three years, several more updates have been done including the addition of a 300 sq. ft. aluminum patio cover, a new 5-ton A/C unit, a tankless water heater, a saltwater pool conversion system, and an upgraded water main with a pressure regulator. GE French-door refrigerator and Samsung front-loading washer and dryer will convey.The open-concept kitchen and great room feature a custom brick wall dining area and an abundance of natural light. The master suite includes a barn wood accent wall, a spa-like ensuite bathroom, an oversized walk-in closet and access to the backyard.The outdoor space is a private oasis with a 9,700 sq. ft. irrigated lot, low-maintenance landscaping including bright pink bougainvillea, artificial turf, and grey paver patio. Perfect for entertaining, the backyard features a custom, wood cabana-bar with electricity and a saltwater pool (built in 2020).With a proven track record as a successful Airbnb, this property has hosted more than 500 guests and comes with a loyal Instagram following of over 2,200 followers, which can be transferred upon sale. Whether you're seeking a turnkey investment or a personal retreat, this property offers endless possibilities.

Welcome to one of the most stunning and versatile homes in the highly desirable Arcadia Lite neighborhood.Offered fully furnished and move-in ready, this 2108 SqFt home is perfect for investors looking to continue its Airbnb success or buyers seeking a luxurious primary or secondary residence. Situated in a prime location, the home is steps away from Phoenix's best coffee shops, brunch spots, and bars, with Camelback Mountain hiking trails nearby and Old Town Scottsdale less than five miles away. Located steps from local favorites such as La Grande Orange, Postino, and The VIG, and minutes from Sky Harbor Airport, Biltmore Fashion Park, and Downtown Phoenix, this home is perfectly positioned to offer the best of Arcadia Lite living. Originally remodeled in 2014 by a renowned Phoenix architectural firm, the home was taken down to the studs and reimagined with exceptional attention to detail. In the last three years, several more updates have been done including the addition of a 300 sq. ft. aluminum patio cover, a new 5-ton A/C unit, a tankless water heater, a saltwater pool conversion system, and an upgraded water main with a pressure regulator. GE French-door refrigerator and Samsung front-loading washer and dryer will convey.The open-concept kitchen and great room feature a custom brick wall dining area and an abundance of natural light. The master suite includes a barn wood accent wall, a spa-like ensuite bathroom, an oversized walk-in closet and access to the backyard.The outdoor space is a private oasis with a 9,700 sq. ft. irrigated lot, low-maintenance landscaping including bright pink bougainvillea, artificial turf, and grey paver patio. Perfect for entertaining, the backyard features a custom, wood cabana-bar with electricity and a saltwater pool (built in 2020).With a proven track record as a successful Airbnb, this property has hosted more than 500 guests and comes with a loyal Instagram following of over 2,200 followers, which can be transferred upon sale. Whether you're seeking a turnkey investment or a personal retreat, this property offers endless possibilities.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Maricopa
  • Area
    Phoenix
  • Tax Amount
    $2,808
  • Status
    Active
  • Listing #
    6800518
  • Built
    1953
  • Lot Size
    0.22
  • Listed on site
    70 days
  • Listing Agent Phone
    602-469-1268
  • Builder Name
    custom

Listed by:
The Brokery

mls source logo Listing provided courtesy of Arizona Regional Multiple Listing Service, Inc. (ARMLS)
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School Info

Property details

Community Features

  • No HOA
  • Not Age Restricted

Exterior features

  • Has garage
  • Pool

Interior Features

  • Granite Counters

Style

  • Ranch / One Story

Property History

DateDays AgoEventNew Price
Mar 18, 20252 days agoPrice decreased25,000 (2%)$1,024,000
Mar 3, 202517 days agoPrice decreased50,000 (5%)$1,049,000
Feb 17, 20251 mo agoPrice decreased31,000 (3%)$1,099,000
Jan 9, 20252 mos agoNew on market$1,130,000
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Kathryn Patschke